Small domestic money managers are facing challenges with the new climate-disclosure guidelines that go into effect soon in Hong Kong. Paul Pong, managing director of Pegasus Fund Managers, said there is certainly a challenge in how to comply with new rules in getting data and the increased fees and manpower incurred. Starting August 20, fund managers overseeing at least HKD8bn must take climate-related risks into account in their investment and risk-management processes for the first time and disclose the results. Pegasus Fund Managers oversee less than HKD8bn. The rules also require large asset managers to provide investors with the greenhouse gas emissions associated with their underlying investments starting in November.
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